Accounting and Bookkeeping
12 Tips of Business Year-End Tax Planning.
Before business owners close their books for the year, they should first take a moment to review the 12 Tips of Business Year-End Tax Planning. These could save the average business thousands of dollars! read more...
S Corporations—Audit Triggers
The S corporation is the most popular form of small business in the United States. In fact, over the past 15 years, the number of S corporations has quadrupled. That trend has not gone unnoticed by the IRS...
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Standard Mileage Rates for 2006 and 2007
You may be wondering what you can do now to minimize your current year tax liability. If you incur costs in operating an automobile for business, charitable, medical, or moving purposes, you may be able to minimize your tax liability by claiming a deduction for the use of your automobile. If you have qualifying automobile expenses and if you opt to use the standard mileage rate in lieu of deducting actual expenses, you will want to make sure that you are using the correct standard mileage rates. read more...
Unreimbursed business expenses
One way to minimize your tax liability is to maximize your deductions. Based on a review of your prior year's tax return, you may be eligible to deduct unreimbursed business expenses... read more...
IRS Rules on Business Trips That Mix Business with Pleasure
IRS rules on deductions on business travel with pleasure read more...